Guys, it is really looking good. Spoke to Mr. Phillipps who confirmed :
- 17m cash on hand,
- big guys will build infrastructure through BUL's tenements to deliver their gas to Gladstone with high probability they will drill on BUL's tenements on top of that - BUL creates cashflow just by allowing them to do so
- nearology to producing neighbours will ensure that with their increasing reserves BUL's reserves will be upgraded as well ( this strategy has been mentioned in previous comp anns ) which could result in farm outs / takeover approaches( no talks to others have been confirmed by Mr Phillips ) by the big guys
ANZ controls the shares it holds and has confirmed to management it is interested in LT holding - no sell off to be expected.
Summary : Thanks big seller !
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- spoke to management today
spoke to management today
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